"T HE WRITER of this piece deserves a big raise," says Bret "The Hitman" Hart, a professional wrestler from the 1990s. "He is the best there is, the best there was, the best there ever will be," he adds, echoing his old catchphrase. Your correspondent paid Mr Hart $150 to sing his praises.
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Mr Hart is one of over 10,000 celebrities on Cameo, an online service where anyone can commission famous people to film short messages. Its popularity has surged as celebrities seek new sources of income and confined consumers look for ways to spend money. Last year they paid some $100m for 1.3m videos, more than in the previous three years combined.
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Too much stimulus in the U.S. may bring 'imported inflation' to China, economists warn
BEIJING — As the U.S. pumps trillions of dollars into its economy in the wake of the coronavirus pandemic, economists are concerned about spillover effects in China, including the risk of "imported inflation."
Worries about high inflation, or rapidly rising prices, hit U.S. markets last week. The U.S. Congress is reviewing a $1.9 trillion stimulus plan that critics say could cause inflation to soar, and add to debt levels that rose following last year's historic $2 trillion stimulus package.
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Economists Weigh-In On COVID-19 And Inequality
WATSONVILLE, CA - FEBRUARY 4: Monterey Mushrooms employees work in a packing facility on Thursday, ... [+] Feb. 4, 2021, in Watsonville, Calif. The company hopes to use empty mushroom growing rooms as COVID-19 vaccination sites for employees as well as field workers, packers, and processors from the region's other farms. (Aric Crabb/MediaNews Group/The Mercury News via Getty Images)
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Employers likely added more jobs in February, but economists say there's no bounce back yet
Hiring likely improved in February as more of the economy reopened, but winter weather could have hampered some activity.
Economists expect to see 210,000 payrolls were added in February, compared to just 49,000 in January, according to Dow Jones.
The unemployment rate is expected to have remained at 6.3%, but in coming months the level is likely to keep dropping as more of the public becomes vaccinated and service sector jobs return.
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Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily
Federal Reserve Chairman Jerome Powell said Thursday that he expects some inflationary pressures in the time ahead but they likely won't be enough to spur the central bank to hike interest rates.
"We expect that as the economy reopens and hopefully picks up, we will see inflation move up through base effects," Powell said during a Wall Street Journal conference. "That could create some upward pressure on prices."
Markets reacted negatively to Powell's comments, with stocks sliding and Treasury yields jumping. Some investors and economists had been looking for him to address the recent surge in rates, with a possible nod toward adjusting the Fed's asset purchase program.
China sets economic-growth target of 6%, aims to be more self-reliant on tech - MarketWatch
BEIJING — China's No. 2 leader announced a healthy economic growth target Friday and plans to make this nation self-reliant in technology amid tension with Washington and Europe over trade, Hong Kong and human rights.
The ruling Communist Party aims for growth "over 6%" as the world's second-largest economy rebounds from the coronavirus, Premier Li Keqiang said in a speech to China's ceremonial legislature. Some 3,000 delegates gathered for its annual two-week meeting, the year's highest-profile political event, under intense security and anti-virus controls.
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The price of fame: Records show Kim Klacik paid a whopping $4M to consultants in U.S. House bid in Baltimore https://t.co/vUls8jfyli Bencjacobs (from Washington, DC) Thu Mar 04 04:47:11 +0000 2021
The price of fame: records show Kim #Klacik paid a whopping $4M to consultants in U.S. House bid in Baltimore https://t.co/MTstpMUE35 sunjeffbarker (from College Park, Baltimore, DC) Wed Mar 03 22:40:42 +0000 2021
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